Tracking

Tuesday 31 May 2011

Today's RNS

I received 2 RNS this morning, one for Greencore and one for Pinnacle Telecom. Interestingly, nothing for BMR!
 The Grenncore RNS was to say that Sheffield Asset Management had increased their stake in the company. This was only a small increase but I think it is always better that someone is increasing their stake, showing confidence, than decreasing!

The Pinnacle Telecom RNS was to say that they had another contract for T in the Park in Scotland and that they had successfully completed their Chelsea Flower Show contract over the weekend. This had the effect of moving the sp up a little this morning but I don't see any major rise happening until after their results at the end of June.

The big movement this morning was Viridas who were up 24% at time of blogging and that without an RNS. There is something brewing because all the trades are still being reported as sells and on my TD Waterhouse account any dummy sell is NT only!! I have put a limit order in for today only of 0.75p to topslice my shares, if it sells I will be running on free shares. We will have to see!

Monday 30 May 2011

Viridas PLC (VIR)

Well, call me niaive but I think Viridas PLC is going to take off very soon. All the trades are being reported as sells even though they are buys. Bruce Rowan has 22% of the company and I firmly that an RNS will be issued soon showing where the company is going. The bid is currently at 0.4p and I bought at 0.35p when the spread was 0.35/0.5p so there are a lot of MM games going on. I think my target here is to topslice when it gets to 0.75p so that I still have 100k shares riding free.I may be talking complete rubbish but watch this space.

Tomorrow is the big day for BMR. Everyone seems to think that the sp is going to rocket when an RNS is issued  saying that the Kabwe purchase has been completed. I hope they are right but I am not holding my breath! I have seen this sort of expectation before and then there is a placing and the sp falls. I hope I am wrong but tomorrow will provide the info.

Friday 27 May 2011

Viridas PLC (VIR)

Positive RNS from Viridas this morning stating that Bruce Rowan has 22% of the company after buying 100M of the 420M shares recently issued. I think that is a positive move and lets hope that it is followed in due course with an announcment of some activity in Oil and Gas or Mining.

TSTR also issued an RNS yesterday afternoon saying that they had assay samples at 1.2km from the Goynuk mine containing gold and antimony. It was a bland RNS and didn't have a positive affect on the shares what we are looking for is drill results to prove commercial resources. However, with gold and antimony that far from the mine it has got to be good news.

Wednesday 25 May 2011

Viridas PLC (VIR)

I decided to sell my GMA Resources shares yesterday as I didn't see any likelihood of them going anywhere soon. I took a small loss but that is a calculated risk.

I picked up some vibes about Viridas PLC on the BBs and put my money in there. I bought nearly 250k shares at 0.35p each. Viridas is a company that did have an interest in Biomass products in Brazil but was not doing very well!
On May 10th they basically changed the company, issued new share capital and are now into investing into permits, licences, joint ventures in Africa, South America, Australasia and Eastern Europe. Obviously early days yet but could be one to put away and forget and then when they do do something I might have made some dosh. On the other hand it may fare as well as the last exercise ie badly! We will see

Tuesday 24 May 2011

Good RNS

This morning I had 2 RNS alerts. The first was for Pinnacle Telecom stating that they had won the contract for the Women's Open Golf Tournament. This was another step forward and itwill be interesting to see their interim results which will be out in June.

The second RNS was for Greencore Group which was their Interim Results and these showed a 7.9% growth in sales and 1.7% growth in profit.They had also reduced their bank interest debt by 30% so not a bad result.

It will be interesting to see how the sp of these 2 companies is affected today!

Just had an RNS for GMA Resources, not too exciting as they have issued 5M shares to  cover a loan issued in 2007. Small dilution but I amkeen to find out what affect that will have and why it was converted now!

Monday 23 May 2011

Greencore Group

What is happening at Greencore? First I see tahat they have recently installed 2 robots to improve their packaging of lasagne. Then I see that they are keen to sell the company. With the  results out tomorrow things may be a little clearer but it is certainly a turnaround in ambition.


Sunday 22 May 2011

Weekly Round-up

Well it has been a very boring 2 months really, I haven't sold a thing or made any money since 1st April!! Generally the markets have been quiet, OK some shares have been moving and people have been making money but not my shares. I am looking forward to May 24th then the GNC results are out. I won't be selling my shares as I keep these  for the dividend and plan to top up just as soon as I make some money! I have confidence in the company and I hope that they continue to do well.

May 27th should be 2 months up for the Due Diligence for BMR and I hope that the sp goes up. There is a lot of hype about this shatre but I don't have any positive feelings for it and want to get out at a profit as soon as possible!

I don't know what is happening with VOG as the sp is up and down daily. Everyone thought that the sp would soar when the licence was granted but it hasn't. Now it looks as though nothing much will happen until the gas starts to sell in Q4.

There have been flurries of excitement with PTCM but there should be some news by end of June as to whether any acquisitions have been made. I intend to sell some ofmy shares and keep 500k shares to see where the share goes long term. If I can topslice and just have free shares then that will be fine. It is my plan with VOG as well, to leave 30k shares as free shares.

However, for the moment it is just a matter of patience and wait for the sp to rise!

Wednesday 18 May 2011

GMA Resources

I bought into GMA Resources yesterday and am waitingfor year end results at the end of June. They are producing gold in Southern Algeria and with the increase in the price of gold, I am hoping that they have made a profit. The sp has been a lot higher but they have made losses for the past few years. The sp was 5p not so long ago and I bought at 1.4375p so a rise over 2p would suit me nicely.

This morning we had a letter from VOG on current position. It was all very positive and for a few momentswhen the market opened, the sp went up then went back down again. I am still holding out for my 10p sp but I may have to wait until they start selling gas which will be in Q4.

Monday 16 May 2011

Edenville Energy! EDL

Edenville Energy issued an update RNS this morning stating that they are fully funded and ready to start drilling in 6 weeks time! Good news as people have become a little nervous and the sp has fallen from 1.75p which I bought at to 1.05p last week The sp has started to move up a little now and the share is being ramped across LSE boards.

Following my post about GNC last week the sp has been rising this morning so hopefully it will continue to rise as the interim results are next Tuesday! I could do with a little success as I still haven't sold anything for over 6 weeks!!!

The markets are very depressed today because of the situation in Greece and its possible renegotiation ofits debts, plus the  arrest of D Strauss-Kahn in New York on rape charges has had an effect on the Euro. Makes people more risk averse.

Saturday 14 May 2011

Greencore Group

Greencore have got their interim results coming up on May 24th. Their chart for the last 6 months shows that they may be beginning to move upwards prior to that date.After the last results the sp rose to €1.47, however, this was when they were hoping to merge with Northern Foods. There are some broker targets suggesting in excess of €1.35 so the next 10 days will be interesting. I was hoping to top up with funds from VOG but no luck as yet. They are currently paying a dividend of just over 6% and are therefore, better than cash in the bank! I hope their interims are satisfactory.

Thursday 12 May 2011

Berkeley Mineral Resources PLC (BMR)

BMR issued and RNS yesterday which said they were issuing 145M shares to raise money to buy a company to process the material and that it would save 10 months production!! Net result was the sp went down! They seem more interested in purchasing other companies than in getting on with the job of getting lead and zinc from the tailings dumps. On the BBs there are lots of people ramping the share and shooting out sp projections of up to £1 but I can't see tht happening for many years if ever. The next ramped figure is 27p by end of June! That is four and a half times the current sp and it is not going to happen. If it gets to 10p by end of June I will be amazed.

I was going to do a top up of BMR yesterday but changed my mind and topped up 34000 share in VOG as I see that as a nobrainer. They have the licence, they are laying the pipes, gas will be supplied before the end of the year. If this gets to 10p then I will be making some nice profits. I have £8000+ of VOG shares and if it got to10p then they would be worth £14000+ so I would be well on my way to my £25000 year end target.
I could have bought BMR for 5.59p yesterday and sold at 6.25p today making £200 profit and then bought VOG today!! Hindsight is a wonderful thing!

Tuesday 10 May 2011

Victoria Oil and Gas VOG

What a pants day on the markets as far as my pf was concerned!! Nearly everything was down except for Pinnacle Telecoms and VOG closed last night at 5.71 and hit a low of 5.05p today. Despite the decree, the sp has not performed well this week. If I had sold yesterday, I could have bought more shares today for the same money!! There was some talk of perhaps more dilution but I think it is more normal to have a dilution when the sp has risen otherwise the company is not maximising its opportunities.. The last share issue was after the sp rose to nearly 7p and the issue price was 4.95p!
TSTR is waiting for news as is BMR but their sp's fell today. There was quite low volume of trades on my pf so it is no wonder shares have been depressed. Still as they say, tomorrow is another day!

Monday 9 May 2011

Pinnacle Telecom Group plc (PINN)

Pinnacle Telecom Group sp is holding up well at the moment. Other than the results of a good Royal Wedding coverage and Local Election coverage there has been no news and yet the sp has been holding up well and moving very slowly towards 0.5p. It needs some positive news like gaining the Olympic contract to move it beyond the stubborn resistance level of 0.5p. The broker target sp is 0.95p and I think that if it can break the 0.5p resistance then it will make good progress towards that.
Victoria Oil and Gas is moving very slowly. I have a sell order in for 10p but I can't see that happening for a while. Today I started doing calculations about day trading the other 30000 shares I have. I could have sold today at 5.83 but could only have bought back at 5.7p so not a lot of point really. I need a minimum of 0.3p difference between selling and buying to make it worth while. Otherwise I might not be able to buy back in and then see it surge up towards 10p!! Back to the waiting game!

Sunday 8 May 2011

Victoria Oil and Gas VOG


Victoria Oil and Gas have got their licence and on good terms. SNH, the Cameroon state oil company has a 5% stake which was negotiated in 2001, whereas later companies have had to give a higher percentage. Gas should be delivered in Q4 this year which will generate revenue. In addition, VOG have bid for exploration permits in Liberia, they are still awaiting settlement of their Kermerkol field even though it has been written off in their accounts and finally, the jewel ion the crown is the West Med field, next to Gazprom in Russia.
VOG’s future now looks a lot brighter and with 28M shares traded after hours on Friday, I believe that the opening sp should be higher tomorrow.

Friday 6 May 2011

Victoria Oil and Gas VOG

AT LAST!!!!!!! Victoria Oil and Gas VOG have finally got their exploitation licence!! The sp immediately shotup from 4.5p to just over 6p.  I have a sell order in for 10p but it may be some time before that is executed, we will have to see. However, it means that if I sell then I will have funds for GNC and TSTR and still have 30000 free shares in VOG as I will have topsliced, ie sold sufficient shares to cover my initial outlay and some profit so the shares that remain have effectively cost nothing!.I bought my first VOG shares on 26March 2010 so I have waited a while. Just a bit more patience is needed now to achieve my goals.

Tristar Resources TSTR

The sp has fallen recently and if I had funds available I would top up significantly in this company. I believe that they have started to dig in Turkey for antimony and soon they will be in production. The current situation regarding antimony is the Chinese control 92% of the world market, their production is down and their consumption is up. So the Chinese have brought about a sudden and shocking supply crunch in the metal. The price of antimony has gone into the stratosphere and it’s likely to stay there for some time – great news for a company like Tristar Resources. NOTE: this is not investment advice just my opinion!

Yesterday only PINN and ALR were blue! One poster was saying that out of 32 shares he owned, all were red!! It would be nice to have some good news soon.. Another of my shares GNC has dropped €1.08 and is ideal for topping up at the moment as the interim results should be out about 24th May!

Thursday 5 May 2011

Very quiet on my portfolio

I have been away for a few days in the UKand nothing much has happened here. I didn't sell a single share in April and was my worst month ever. I just seem to be waiting for news. It seems a common complaint on many BBs. Yesterday there was an RNS from BMR syaing that they were going to buy a share in a copper tailings dump in Zambia and the price went down after an early flurry.
PINN did well with its Royal Wedding transmissions and the sp is holding but not rising.
Nothing happening on TSTR and still waiting for President Biya to sign the licence for VOG!!